Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's BBD to PAB (Barbadian Dollar to Panamanian Balboa) exchange rates

Barbados
Panama
BBD

Interbank Exchange Rate: 1 BBD = 0.5000 PAB
Updated about an hour ago

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All you need to know about Barbadian Dollar to Panamanian Balboa money transfers

Easily compare money transfer providers in one place to send money from Barbados to Panama. Send money overseas to your loved ones by comparing Barbadian Dollar (BBD) to Panamanian Balboa (PAB) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Barbados.

Were you looking to send money from Panama to Barbados instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest BBD to PAB Conversion Rates

Here are some latest BBD to PAB (Barbadian Dollar to Panamanian Balboa) exchange rates for popular conversion amounts*.

1 BBD0.50 PAB
5 BBD2.50 PAB
10 BBD5.00 PAB
25 BBD12.50 PAB
50 BBD25.00 PAB
100 BBD50.00 PAB
150 BBD75.00 PAB
200 BBD100.00 PAB
250 BBD125.00 PAB
300 BBD150.00 PAB
400 BBD200.00 PAB
500 BBD250.00 PAB
600 BBD300.00 PAB
700 BBD350.00 PAB
800 BBD400.00 PAB
1,000 BBD500.00 PAB
1,500 BBD750.00 PAB
2,000 BBD1,000.00 PAB
2,500 BBD1,250.00 PAB
3,000 BBD1,500.00 PAB
4,000 BBD2,000.00 PAB
5,000 BBD2,500.00 PAB
10,000 BBD5,000.00 PAB
15,000 BBD7,500.00 PAB
20,000 BBD10,000.00 PAB
30,000 BBD15,000.00 PAB
40,000 BBD20,000.00 PAB
50,000 BBD25,000.00 PAB
100,000 BBD50,000.00 PAB

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money to Panama from Barbados?

Sending money internationally to Panama from Barbados can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Barbadian Dollar to PAB remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Panama. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Panamanian Balboa.


How to get the best exchange rate for your money transfers from Barbados to Panama?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Panama from Barbados. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your BBD to Panamanian Balboa money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Barbados to Panama corridor to give you more good choices for your next PAB money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money to Panama from Barbados?

Finding the cheapest way to send money from Barbados to Panama might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer BBD to PAB via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Barbados to Panama exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


Should I use my bank to send money from Barbados to Panama?

We do not recommend using your local bank in Barbados for your next BBD to PAB overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Barbados to Panama (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending PAB to Panama. These companies will let you use your local bank account in Barbados to pay for your Panama money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money from Barbados to Panama fast?

The first thing to do when you need to convert BBD to PAB quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Barbadian Dollar and Panamanian Balboa. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Barbados to Panama remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Panama.


Which are the best money transfer companies to send money from Barbados to Panama?

Comparing money transfer companies for sending money to Panama from Barbados can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Panama. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Barbadian Dollar to Panamanian Balboa transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Panamanian Balboa yield on every Barbadian Dollar that you send.


Step by step guide to do a money transfer from Barbados to Panama

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Barbados to Panama, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Barbados to Panama that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Panama where they can receive monies in Panamanian Balboa.
  • Then, provide details of your Barbados bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your BBD travel to another part of the globe.